Consequences of regulatory breach
6. What are the potential consequences for breaching financial services rules on cloud outsourcing?

None. The B-10 Outsourcing of Business Activities, Functions and Processes ("OSFI B-10 Guidelines") are not laws or regulations, and, therefore, attract no specific criminal, administrative, civil or other penalties or sanctions for noncompliance. Consistent failure to adhere to the OSFI B-10 Guidelines could result in an order for remedial action and affect a regulated entity's registration to operate in Canada.